"President Clinton and First Lady Hillary Rodham Clinton have agreed to purchase a five-bedroom, 5,232-square-foot Dutch Colonial house in the tony Westchester County hamlet of Chappaqua, the White House announced Thursday. It will be the first home the couple will have owned after almost two decades of living in government housing."
"The three-story house, built in 1889, would serve as the Clintons' legal residence should, as expected, the first lady officially declare herself a candidate for the New York Senate seat open next year. The house sits on 1.1 acres at the end of a cul-de-sac. Its features include a swimming pool, two fireplaces and a detached barn that now serves as a garage."
"The president and his wife are going to put down $350,000--just more than 20%--which was drawn from a blind trust established at the start of Clinton's presidency. They secured a five-year adjustable-rate mortgage of $1.35 million from Bankers Trust Co. The Clintons' bank note will be co-signed by Terry McAuliffe, a longtime Democratic fund-raiser and friend of the couple."
President Clinton and First Lady Hillary Rodham Clinton purchased a five-bedroom, 5,232-square-foot Dutch Colonial house in Chappaqua, Westchester County, for $1.7 million, exceeding the asking price of $1.695 million. Built in 1889, the three-story home sits on 1.1 acres and features a swimming pool, two fireplaces, an exercise room, and a detached barn-garage. This marks the couple's first owned home after nearly two decades in government housing. The purchase serves as Hillary Clinton's legal residence for her anticipated New York Senate campaign. The Clintons made a down payment of $350,000 from a blind trust and secured a $1.35 million adjustable-rate mortgage from Bankers Trust Co., co-signed by Democratic fundraiser Terry McAuliffe. The deal closes November 1.
Read at Los Angeles Times
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